Otis Spunkmeyer Inc. is a baked goods distribution company widely known for its name and flagship line of muffins and cookies. Although a relatively small company, Otis Spunkmeyer has enjoyed a large amount of success in the industry, with clients ranging from small family-owned businesses and restaurants to worldwide military organizations such as the United States Army. In addition to its famous muffins and cookies, Otis Spunkmeyer also produces frozen cookie doughs and other pastries. Despite common belief, the name Otis Spunkmeyer is not actually referring to any person. The name was a whimsical creation of the then 12-year-old daughter of the company's founder. In the year to December 31, 2005, revenue was $336m, EBITDA $48m, and operating profit $29.10. Tangible assets were about $50m. From 2001 to 2005 sales grew at over 9% pa. Kenneth B. Rawlings, the founder of Otis Spunkmeyer, Inc., opened his first fresh-baked cookie store in Oakland, California in 1977.
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